The reason for the SIRG DTCC chill was a discrepan
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The reason for the SIRG DTCC chill was a discrepancy in the number of shares recorded. This was the responsibility of the CFO and the accounting firm. Both have been replaced and the chill was lifed in August.
Two insiders actually owned more shares than was recorded.
Initial number of shares beneficially owned by Mr. Benjamin at his election to the board was 3,865,300 which was inadvertently reported at 3,840,000 at that time. A Form 3 has not been filed for this disclosure. Mr. Benjamin acquired 710,700 shares on August 3, 2011 at $0.0028 per share as an open market transaction.
Initial number of shares beneficially owned by Mr. Cordón at his election to the board was 1,710,000 which was inadvertently reported at 1,610,000 at that time. A Form 3 has not been filed for this disclosure. Mr. Cordón acquired 3,000,000 shares on December 8, 2011 at $0.0015 per share in a private transaction with an existing shareholder which a Form 4 has not been filed.
Total shares owned by insiders is 18,572,302.
http://www.otcmarkets.com/edgar/GetFilingHtml...HTM_ITEM12
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